GCCs pay premium to hire top talent
The MNCs are also moving an increasing number of global and senior-level roles to the GCCs in India. This is prompting them to woo top talent by paying higher than the compensation offered by many in the technology industry including products, services and tech-enabled startups (barring a handful of large IT firms), they said.
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Offering CollegeCourseWebsiteIIM LucknowIIML Chief Operations Officer ProgrammeVisitIIM KozhikodeIIMK Chief Product Officer ProgrammeVisitIndian School of BusinessISB Chief Digital OfficerVisitTaking a benchmark at the 75th percentile of the talent pool, technology leadership roles such as (chief technology officer) are rewarded about 14% better in GCCs on an average compared with IT services companies, according to data from specialist staffing firm Xpheno, shared exclusively with ET. Chief financial officers get around 12% higher, while for the HR head, it could be 25% higher.
Based on skill and fitment level, professionals and senior executives on the 75th percentile are the ones who are in the top bracket.
This is giving the GCCs a clear edge in wooing top leadership talent vis-à-vis the others in the tech cohort.
At GCCs, professionals with 18-25 years of experience get Rs 1.6-2.0 crore for the CTO role, Rs 1.5-2.0 crore for the CFO and Rs 1.5-1.8 crore for the chief HR officer. Packages vary based on the pedigree of talent, size and stage of the company and the criticality of the role.
“Keeping the scale of IT services and the advantage of well-known large employer brands aside, it has been observed that GCCs are offering a more compelling proposition for C-suite to talent,” said Siddharth Verma, business head — Xpheno Executive
